When it comes to major purchases, such as homes and automobiles, few Americans are able to proceed without the assistance of a bank. Mortgages, loans, and other forms of credit are necessary and used to cover such purchases. Without the existing banking system, these credit lines and opportunities to make major purchases, as we know them, wouldn’t be available.
The infographic below from FIS Global provides an outline of the transformation of the banking system, from the first paper Continentals, through a couple of failed bank charters, to the effects of the failing European Union on the global market. Get a glimpse at the current banking system in the US and see how it's changed over time. It’s important to have an understanding of the link between banks and the government, so that you can be informed and understand how history has changed and evolved our banking systems in today's modern world.
Infographic by: fisglobal.com
The infographic below from FIS Global provides an outline of the transformation of the banking system, from the first paper Continentals, through a couple of failed bank charters, to the effects of the failing European Union on the global market. Get a glimpse at the current banking system in the US and see how it's changed over time. It’s important to have an understanding of the link between banks and the government, so that you can be informed and understand how history has changed and evolved our banking systems in today's modern world.
Infographic by: fisglobal.com
